Which of the Following Are Financial Measures of Performance

question 81

Multiple Choice

Which of the following are financial measures of performance?
1. Controllable margin
2. Product quality
3. Labor productivity

• A) 1
• B) 2
• C) 3
• D) 1 and 3

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Definitions:

P-chart

A type of control chart used in statistical process control to monitor the proportion of defective items in a process and identify variations.

Constant Sample Size

A methodological strategy where the number of observations or data points in a study or experiment does not change.

R-chart

An R-chart is a type of control chart used in statistical process control to monitor the range of the process variation, helping businesses ensure product quality.

Control Limits

These are thresholds set in statistical process control that indicate the bounds of acceptable performance, identifying when a process is out of control.